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to last. siemens, answers. >> theu.s.economyinthefourthquarte of. the u.s. economy in the fourth quarter of last year october, november, december contracted by 0. 1%. one-tenth of 1%. it was the first contraction in three years and it rattles financial markets. much of the slippage in gross domestic product, was due to what the u.s. federal reserves describes as quote weather related disruptions and other transitory facts unquote. the central bank is keeping monetary policy on hold. and says n worth of long-term securities a month, until there is a substantial improvement in the outlook for the labor market. also, the cut back in department of defense outlays, is likely to fuel concerns about the size of a slow down and the full economic fallout of the large quote unquote sequester cuts scheduled for a month from now, the start of march. the president's press secretary said this about the sequester. quote, across-the-board cuts to education, to research and development, would have repeat, would have, damaging effects on our economy and our long-term economic prospects. unquote. a growing
, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting. >> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does help th
. unemployment rising. the economy? it's shrinking. gdp contracting last year for the first time in four years and consumer confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not, brenda. what i don't understand is how you can propose tax hikes without looking at what the scholars say, the studies say. look, if there was studies out there says raising taxes, great for the economy, i'd get behind it. but you know what, brenda? every single scholarly study for the past 15 years has said one thing: higher taxes, negatively impact growth. it's funny, forget all that, though. if you just look anecdotally, when the left wants to inhibit behavior, whether it's energy consumption or cigarette smoking or any one of the other things they have, what's the very first thing they do? they raise t
gwen: the ping-pong economy, the new immigration fight and chuck hagel's not so good day. tonight on "washington week." wall street and the housing sector are rebounding but job growth is stagnant, consumer confidence shaky. what's up with the economy? in washington, bipartisanship roars back. >> for the first time ever, there's more political risk in opposing immigration reform than in supporting it. >> the issue of immigration is not a simple one but i think we have the opportunity to do it right and -- gwen: will immigration reform finally happen? and chuck hague 's rocky confirmation hearing. >> please answer the question. were you correct or incorrect when you said that the surge would be the most dangerous foreign policy blunder since vietnam? yes or no? >> my reference to -- >> are you going to answer the question senator hagel? the question ask were you right or wrong? gwen: the president's pentagon choice finds hit -- his worst enemies in his own party. covering the week, david wessel of "the wall street journal." vaughn johnson of national joran. kirn tumulty of the nati
down our debt in a way that grows our economy and create good jobs. the decision that will make a real difference in the strength of our recovery. we began with economists and business leaders saying that we are poised to grow. there are signs of progress. car sales are at a five year high. manufacturing is coming back. businesses created 2.2 million jobs last year. we have learned that our economy created more jobs in the last few months that economists are originally thought. this week we also received the first testament of the economic growth over the last a few months. it reminded us that bad decisions in washington can get in the way of economic rugrats. we agree -- economic progress. we agree that we cannot cut our way to prosperity. it has not worked in the past and it will not work today. it could weaken our economy. a could cost us jobs. not just now, but in the future. what we need is a balanced approach. an approach that says let's cut would we can afford, but make the investments we cannot afford to live without. investment in education, research thomas development. -- of
'm christine romans. 2013 could be a boom year for the economy. how do you capitalize? start with understanding that today smart is the new rich. who better to have on than the smartest, richest man in the u.s., bill gates? you'll hear from him in a moment. >>> plus, media mogul arianna huffington on creating jobs. first, the soaring stock market. does that mean the economic recovery is real or is something else going on here? >>> looming budget cuts. >> we can't keep spending money we simply do not have. >> tax uncertainty. >> the deficit is still too high. >> gridlock over how to fix it. if it weren't for politicians in washington, 2013 could be a boom year. take a step back. your home, your investments, your job. the three ways most people build wealth are all set to take off. home prices rose 5.5% in november, biggest jump in six years, stocks are at five-year highs, near records. the dow is up 800 points in just four weeks. jobs are coming back. things are looking bright in 2013, but to capitalize, you'll have to get ready. and get smart. because smart is the new rich. company profits are
. the u.s. economy is a puzzling thing. today it added 157,000 jobs but the unemployment rate kicked up to 7.9%. also today the dow industrial average closed above 14,000 for the first time in five years, yet the government reported this week that the economy contracted in the fourth quarter of last year for the first time since 2009. so as congress agrees to delay a showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause at the end of last year? unemployment is very high, 7.9%. among men between 25 and 54 one out of six is not working. so i think when you cut through all this what do you see? well, the stock market is going like this and the economy is going like this. that can't last. i c
'm christine romans and this is "your money." ali velshi is off this week. the economy looks like it's ready to take off, 157,000 new jobs added in january. the unemployment rate rising slightly to 7.9% from 7.8%. there's room for improvement. but it continues a trend. now 28 months strong. a trend of more jobs added every month. stocks are soaring with the s&p 500 a good example of what americans are holding in their 401st and i.r.a.s crossing the 1,500 threshold since 2008. and housing that helped fuel that recession, it looks like it's making a comeback. 2012 was the best year in real estate for five years. home prices jumped 5.5% year over year in november. that's the biggest in six years. with interest rates on six-year lows, you can get 3.5% on a 30-year fixed mortgage. home price should continue to go up. it's not all positive. gross domestic product shrank for the first time in three years coming down ever so slightly by 0.1% in the fourth quarter of 2012. with stocks and housing looking up, why should gdp come down? blame it on washington. showdowns on capitol hill over fiscal cliff
, it was still a healthy number that should continue to help the economy. >> reporter: the main reason for optimism: those positive revisions to november and december jobs data. it turns out, the government underestimated how many positions were added by 127,000. it was that miscounthat helped push the dow over 14,000 for the first time in more than five years. and, at 14,000 the blue-chip index is about 150 to 200 points away from its all-time high. market pros like wayne kaufman predict new highs for stocks in coming weeks. >> many investors, retail investors, individual investors are reaching the point of recognition where they no longer believe the economy is going to collapse again, or that the stock market is going to collapse again. >> reporter: surely, an improving job market will keep investors jazzed about stocks. to that end, economists expect employers to continue adding about 150,000 jobs a month this year and the unemployment rate to inch lower. >> i think by the end of the year we're probably going to be looking at unemployment rate of 7.5% to 7.4%. certainly not low eno
. >> business has created 2.2 million jobs last year. we just learned that our economy created more jobs over the last few months than economists originally thought, but this week we received the first estimate of the economic growth over the last few months. it reminded us that bad decisions in washington can get in the way of our economic progress. >> jamie: just yesterday we saw the recent job numbers tick up and the u.s. economy is worse off than it was four years ago in four major categories. let's take a look. first unemployment rate january 2009, it was 7.8% and it is 7.9%. then under employment, percentage of americans who are not working as much as they are able to. in 2009 it was 14.2% and today it kicked up to 14.4%. four years ago, 12 million americans were out of work and now it's 12.3 million. today less than 64% of americans that are capable of working are actually out there looking. that is down 2% from 2009. let's bring in angela and jehmu greene and former president of the women's media center. nice to see you. okay, let me ask you first, angela, it sounds like more finger p
. >> policy wise, i think that they help our economy. >> legal or illegal. >> giving foreign workers access to our labor markets makes those markets more efficient and make us more productive country economically. that has been the case for hundreds of years in this country. just as the free trade of goods and services makes our economy more efficient so does the free movement of labor across international borders. that the is the economic case. these workers are filling niches in our labor market. >> paul: but they are already here. so 11 million is the estimate. why just not settle for the status quo rather than put them on a legal path and change the law? >> first of all, if they are here illegally, they are open to exploitation by employers. we don't want that. the economy has absorbed those that already here, but our economy will continue to grow, maybe not as much as we like under the current president. we will grow again and have a need for more workers. we need a legal way for them to come. >> we need skilled workers, scientists and engineers because we are not graduating enough ame
sure the software economy of 9/11 did not jeopardize her ability to create jobs and opportunities for americans at home. tax rates coming down. people should understand the entrepreneurial spirit of america needs to have a predictable tax policy and weight that do not burden the road. right now we have tax rate discussions that ur economy and that's not good. liz: it's hard to understand. the average hard-working american doesn't always understand what is happening. basically presidt george w. bush got vilified for raising the. despite the fact that on his watch the berlin wall fell, the soviet union collapsed or it at the same time, this president that we have a thing that saying that i will not raise taxes on the middle class family. i won't even raise capital gains taxes. how are we, in this day and age, when president barack obama does not get criticized? >> people should look at what the first president bush did when he did have new taxes. it cost him reelection, but he did the right thing. he got something. he he got disciplined into the federal government. he drove discipli
. we still have a risk to the economy. i don't see us heading off to a robust, fast recovery. i think 2013 will be better than 2012. i wish i could tell you that it would be really good because that's what we need. >> i don't call myself an economist. i specialize in economic policy. i try to be a good consumer of other forecasts. one thing i learned from that is frankly i don't trust any macro forecast that goes beyond six months. i don't think -- they are just guessing beyond that. i think we probably -- at least i would have similar reactions. i am still concerned about the risks posed by europe. i'm still quite concerned about the risks from things heating up in the middle east. the u.s. economy is repairing itself. we don't have at significant housing drag that we did a year or two ago. balance sheets are repairing. yes, things seem to be heading in the right direction. but i also think that people often make the mistake of confusing the level for the growth rate. i think we need to understand that even if the economy grows at 2% or 3% this year which seems to be the optimistic b
a handle on the economy. let's run through a couple examples. on wednesday reports emerged that the economy contracted for the first time this three he years. yesterday applications for jobless benefits jobbed by more than 38,000 in a week, topping out at 368,000. this news coincidentally came the same day team obama announced it is disbanding the jobs council and then the icing on the cake the unemployment rate back up to 7.9% and the number could easily be over 10% if the labor department didn't play with the number yous to suit the left wing. leslie is also a fox news contributor. hugh i will start with you. tough week for obama-nomics. what do you expect when you only spent 5.8 trillion bucks. >> may go down as the worst reek the recognition we are going into an obama recession and the president has turned his back on the nation's unemployed. the number going up to 7.9%. every where you you turn every arm of the obama administration is launching a war on jobs. every agency. the consequences are this are just beginning to show up and he is indifferent to this and going to shock a lot of
to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report
numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs
is real. the chance to innovate is exciting. but even as we work to modernize our economy and set a new course toward a brighter economic future, we must address the consequences of the prolonged economic downturn. last month i announced that nevada would comply with the provisions of the affordable care act as they related to the expansion of medicaid services. as a result, some 78,000 more nevadans will now have coverage without facing the new tax penalties imposed by the affordable care act. [applause] the federal law allows us to shift mental health and other state spending to medicaid sources, saving the general fund nearly $25 million over the biennium. over the next six years, this comprehensive approach will create up to 8,000 new health care jobs and inject over a half billion dollars into our state's economy. and, as i've noted before, we must reduce taxes on businesses to help them bear the increased costs of the affordable care act. but the issue of long-term health care costs remain. as such, i believe we must ask certain medicaid patients to make a modest contribution towa
again. our economy is growing again. the last 24 months of nevada businesses have created almost 30,000 new jobs. last year said been a success story. it is undeniably on track. tonight i can confidently report to the people of nevada that the state of our state grows stronger every day. now stand at the threshold of another legislative session fell shape the future of our great state. we must make some immediate decisions and of the present issues of the day. a challenge is helping nevada that is still on the horizon kicked the system in the future, not too far up a far enough that we must consider what we can be. these of the children's faces to see on the screens behind me. these children are members of the graduating class of 2020. their second graders today. it is my hope that the faces of these children when will inspire us as we consider both the short and long-term realities of our state. two years ago we began laying the foundation for improved education in nevadato win a critical victory for nevada's children. and we did. we passed laws requiring performance-based evaluati
that gdp report. the gdp report it looked like who knows? whenever an economy shrinks, usually it's like kosh roaches, not just one, usually you get another negative quarter coming soon. so this kind of reassures us maybe there's going to be upward revision in that fourth quarter gdp report. so things look okay, we're creating jobs, but as you said, job growth is still really, really slow. listen, to get -- remember, we want to get back to like that 5% rate maybe. at this pace it will take 100 months to get back to 5%. so listen, maybe okay, you don't have to worry about a recession, but if you're looking for strong growth we're not seeing it yet. >> this is still -- we're going to bring in somebody from the joint economic committee in a second. this is still the worst modern recovery in gdp and jobs going back to 1947, no matter how you slice it. but i think the upper revisions really helped trigger the market. let's get a second opinion on today's jobs stories and the outlook for the economy. here we have a republican response. south carolina republican congressman nick mulvaney. he's
in manufacturing industries, possibly to the detriment of europe. competitiveness and the economy being recognized here as important factors on the security front as well. >> protests in egypt have again turn violent. opponents of the islamist president have heard -- hurled molotov cocktails at the palace. protesters are demanding his overthrow after the demonstrations in several cities in recent days turn violent and dozens were killed. >> earlier in the day, there were scuffles in the center of tahrir square, the focal point of the revolution that overthrew president hosni mubarak two years ago. protests marking the second anniversary of the uprising that toppled mubarak have killed nearly 60 people since january 25, prompting the head of the army to warned this week that the state was on the verge of collapse. our correspondent is in cairo for us. we are hearing about water cannon shots being fired. how serious is the tension there at the moment? >> it basically escalated in the last hours. we have peaceful demonstrations at tahrri square and at the presidential palace, but demonstrators tried
challenges facing the economies of europe, japan, china, and south korea. next on book tv. this is a little over an hour. [applause] >> okay. first of all, it is great to be back. we enjoyed our relationship that way. tokyo has been the headquarters of our asia-pacific operations for 25 years now. we enjoy a terrific relationship and a lot of different ways. one of my colleagues who is with me, doug peterson who just joined us from the city, and he is setting up. we welcome you, doug. dougie is all over the world. as such, he has lived quite a bit of time in japan himself. it's great to be with you tonight as well, doug. let's see. in terms of this whole notion of the book, by the way, a very modest title, banker to the world. when i heard of this, and i am a very close, personal friend of bill's, like everyone in this room is. and so when he was talking to me about this concept of what he wanted to write about to lessons of debt crises and all of this, i just knew that it was right in our sweet spot, what we needed to the will to do. so we were able to convince them. so no i'm not talking
of 2009 was sparked by the fact that it was a rigged election, an illegitimate economy. the clip i wanted you to show was the one in which he was asked about the policy of containment. it was not a badgering issue. he said he supports the administration's policy of containment. he then gets a note and said, i have been told i made a mistake. of course, i am not in support of that. the policy of this administration on containment is that it does not have a policy. at which point, democratic senator levin had to rescue him and said, in fact, the administration has a policy on containment, and it is to oppose it. he was clueless. >> colby. clueless? >> he was in the position where he had to dodge a little bit. let's go back to the exchange with senator mccain on the surge. the issue was never the surge when you talk about iraq. the issue was, as senator nelson from florida framed it, going into iraq, because we thought their weapons of mass destruction. we end up with 4000 americans dead, $1.90 trillion from the war, and you tell me the issue is the surge? the issue was going into the countr
and after-- in because of the digital economy include the 15 million people the united states congress heard loud and clear last january and has such enormous cloud on the political process. make no mistake about it. legislators have to do their part. there are democrats and republicans from all across the political spectrum who see the importance of innovation and who are going to stand in the way of those who would try to hot wire the system to favor the incumbent and harm innovation. they seek special help from the government, claiming they won a marketplace that does not involve government intervention. to demonstrate that they really do not get it, they miss the fact that the way you can best promote markets and efficiency and innovation is to have a role for government that addresses market failures, blocks cartels, blocks monopolies, and holds that the anti-competitive forces-really interfere with the most effective operations of free enterprise and innovations that are produced. a legitimate function of government is to defend the market against the forces that into beshear with effi
on the rise again as the economy continues to falter. who will president obama blame for this latest set back? [bleep] [ applause ] >> and vice president joe biden admits that the new gun laws being proposed might not prevent another newtown. so what's really behind the gun control push? >> say it ain't so, joe, there you go again. >> caution, you are about to enter the no spin zone, the factor begins right now. hi, everyone. i'm laura ingraham in for bill o'reilly. thanks for watching us tonight. lionizing h ng. "newsweek" marks the most powerful woman in american history. the article reads like a piece of campaign literature than a serious examination of her record and her accomplishments. certainly, look, mrs. clinton is highly intelligent, she a global celebrate and she reached a level that few men, let alone women ever reach in our country. yet titles don't tell the entire story. the benghazi attack. a failed reset with russia. a more powerful and emboldened china. an iran closer to a nuclear weapon, slark terrorists fans out across north america? simply put, under barack obama and hilla
the economy. think about language. nobody planned the english language. it arose spontaneously it evolved just like the french language, the russian language. there are a few languages that have two things in common, they were designed by human beings, they were planned and no one speaks them. all the languages that people speak are examples of spontaneous order. law, i know we're here in the ray burn -- rayburn office building and everybody thinks they are involved in making law. the fact is, law evolves spon spontaneously. sometimes they turned to a neighbor to settle them. some of the wisest neighbors became known as judges. that's how precedent and case law built up. it was actually much into that process that government started saying let's write it down. and intrude it and change it through legislative or skeeverd. money, most people think money is something ben bernanke prints. but it evolved because again, people had problem. how do i trade? if i have a fish and you have an apple then we have an easy trade. but if i don't like apples and you have enough fish then we have to make the tr
solyndra, exxon is more than profitable, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders seem to love today's jobs nubers, but were they really all that good? our political panel weighs in, and stocks on a roll, lately, topping numbers not seen since 2007. how long will it last, and how high will they go? coming up. coming up. ♪ [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, at's the point of talking if you don't have something important to say? ♪ you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from s
to the time they leave higher education, we must prepare them to succeed in a 21st century economy. and if we are sincere in our concern for the next generation, how we deal with one another matters, not only during this session but also throughout the campaigns that bring us to these positions of public trust. every day, our kids watch what we do and learn from our example. members of the 63rd legislature, what i ask of you tonight is simple and straightforward: first, be responsible with our budget, because i won't allow you to spend more than we take in or make cuts that undermine our long-term stability. second, join me in focusing on creating jobs, investing in education, and making government more effective, and lastly, act in a manner that we're not ashamed to have our children watching, because they are. i am taking these principles to heart, and we've hit the ground running to create better jobs, better schools and a more effective government. a company recently came to the state of montana and said they'd like to locate a manufacturing facility in great falls, but they needed a work
's lives. that means we want to advance pro-growth reforms good for the economy. there are immigration things that are good for the economy. >> immigration was the first policy he talked about when he talked about pro-growth reforms. some workers, who are typically recovering, the best way to help them is with better training, better generous income tax credit, that is easier to provide in a growing economy with younger workers than in a sluggish one with budget deficits. immigration is not what hurts them, and it is not standing in the way of aiding them. in 2007, the congressional budget office found that legalizing undocumented immigrants would increase revenue by $48 billion, while costing only $3 billion increased public services. and that is before you get into the broader economic benefits. there are very few free lunches in public policy. usually it is a realm of hard choices, but taking advantage of our unique position as the country with the world's best and brightest, desperately a way to go? that is surely correct. "the ed show" is up next. >>> good evening, americans, and
Search Results 0 to 49 of about 219 (some duplicates have been removed)

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